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UK House prices grows by 8.5 %

Published: 19/02/2021

ONS, Halifax and Nationwide all report a sharp increase in annual house price growth since the stamp duty holiday announcement in July 2020.
According to the December UK HPI (ONS), the average house price in the UK is £251,500, an annual increase of 8.5%.

In January 2021 Halifax and Nationwide reported a slowdown in house price growth, a -0.3% monthly decline. Stabilisation of price growth could reflect the looming SDLT/ Land Transaction holiday deadlines.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958

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Rightmove, Zoopla and the Dataloft Demand Index all report good levels of housing market demand, and while stock remains constrained, prices are likely to be supported. Source: Dataloft, ONS, Nationwide, Halifax